22 Nov 2018 Jane Whitmoore
The Crypto Market Makes First Attempt to Break the Big Sell-Off
Thursday morning saw most of the top 20 trading in the green, with only ZCash and Tezos still below the red line.
Bitcoin has seen a lot of fluctuations in the prices in the last months. Although it has managed to go up significantly, trading at around $4575 this morning, losses still totaled to 15%. At the time of writing, Bitcoin is trading at $4537.50.
The Wall Street crypto guru Tom Lee asserted on his prediction for the year-end price of BTC, at $15000, despite the “negative development” that the markets have experienced.
Ripple, the second leading cryptocurrency in the charts at the moment, traded at $0.44 this morning – an increase of almost 1% in the last day, while currently, it is trading at $0.437. XRP’s market cap is $17.8 billion.
Ethereum has also seen an improvement, trading at $135 this morning, which compared to $126.30, its lowest point on November 21st, is a rise of 2.19%. At the time of writing Ethereum is trading at $133.94.
Bitcoin Cash has dropped the significant 40% in the last week and is currently trading at $224.52.
The total number of the cryptocurrency market this morning was estimated at $148.5 billion, with a weekly high of $189 billion on November 15th.
The recent events have lessened the pressure on British officials in the financial sector to reform its rules. The Deputy Director for Financial Services at Britain’s finance ministry– Gillian Dorner – said that they are taking their time to research the matter before taking action properly. The list of over 2000 existing currencies is being analyzed to see if they can be regulated with the current norms.
Furthermore, other big names in the field, like Blockchain Capital’s Spencer Bogart, have shared their opinion that despite the drop-offs, crypto assets are “still gigantic” and will be gaining even more popularity in the future.Bitcoin Ethereum cryptocurrency trading Cryptocurrency Regulations Bitcoin Cash Cryptocurrency Crypto Market Ripple Zcash